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20121201
20121231
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KRCB (PBS) 26
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English 26
Search Results 0 to 25 of about 26 (some duplicates have been removed)
a key focus in japan's general election. the leaders othe ruling party have expressed contrasting views on what the bank of japan can and should do. our business reporter spoke with two economists for their take on the issue. >> translator: debate had heated up ever since banks were urged to take strong action. >> translator: we will boost public spending. that's going to force new money into the market. this will have a positive effect on the economy. >> reporter: the comments had an impact on tokyo markets in mid-november. the yen weakened and stocks shot up. some analysts called it the abi rally. others are cautious about aggressive boj easing include prime minister noda. >> translator: construction bonds and deficit covering bonds are both debts. it could but the wrong economic policy to depends on the bonds and make the boj buy them. >> reporter: economists are also split on the issues. there's a lot the bank of japan can do. >> reporter: the boj can take a number of measures. one is to expand the balance sheet. the bank can buy more government bonds and even foreign bonds. another
. but leaders of japan and other countries believe the north koreans are carrying out a test of a long-range ballistic missile. the senior u.s. diplomat on north korea has warned the leadership there. he said the u.s. will refer the matter to the u.n. security council if they go ahead with the launch. >> we will be prepared to work with our partners, including at the united nations security council, to respond in a swift, effective, and credible manner. >> davies said the u.s. could strengthen sanctions. he said existing penalties have already hampered north korea's nuclear program. davies has been holding discussions with his counterparts from china, as well japan and south korea. he said he hopes the chinese can use their influence with their allies in pyongyang. u.s. diplomats have made similar warnings over the years and the north koreans have ignored them. >> reporter: the ballistic missile launch will be the second since kim jong-un took pow area year ago. it will use the same launch pad at a site in the northwestern part of the country. before the first test in april, officials
and the republicans are at a stand still to resolve the tax increases. here in japan the central bank has started to consider a concrete inflation target. this is in response to a request made by the incoming leader. policy makers reviewed the inflation goal at a board meeting on thursday. they aim to reach a conclusion at their next meeting in january. liberal democratic party leader wants to pull japan's economy out of deflation once the new administration is in place. he's asking the boj to sign a policy accord with the incoming coming to make the target 2%. the rate remains at around 0%. it averaged at the lower 1% range during the bubble era in the late 1980s. some boj officials insist they should study the inflation impact on people's lives if it should double. others agree it might make it difficult to steer monetary measures in strview of economic conditions. the bank of japan plans to exam how its inflation target should be sent and when it shoultd be reached. let's g let's get a check on markets. the nikkei rose to an eight and a half month high. it's trading at 10,098. investors are pl
-- captions by vitac -- www.vitac.com >>> the ground beneath. japan's nuclear watchdog concludes a nuclear plant may be on unstable footing. officials with the nuclear regulation authority found something unsettling under a plant in northern japan. the discovery could keep the plant off line. the officials released their final assessment of an inspection they made this month at the higashidori nuclear plant. faults under the compound are likely active. officials with the power company argued the faults aren't active. they said there are no indications the faults have moved recently. experts with the regulation authority say there is nothing to back up the claim. >> translator: we think that active faults exist under the compound. we conclude that there is no evidence to contradict our view. >> the team will finalize its report in the next few weeks. tohoku electric will have to review measures to protect against earthquakes. this is the second time that active faults have been found under nuclear power plant in japan. japan's new prime minister has laid out how he plans to govern
estimates. major manufacturers in japan say business sentiment is getting worse. that's according to the latest quarterly report by the country's central bank. the bank of japan released on friday it's quarterly survey of short-term business confidence. nearly 11,000 companies up were covered byhe poll. e headline index stood at minus 12, down 9 points from the previous survey in september. it also records two consecutive quarters of worsening sentiment. the main factor for the decline is poor exports of auto and other economies due to the european downturn and cooling ties with china. another negative factor is the drop in domestic car sales because state subsidies for buyers of fuel efficient cars expired in september. for the nonmanufacturing sector the sentiment index was down by four points from the previous surv survey. looking aahead the to the next three months, major manufacturers expect a slight improvement as they hope the u.s. and chinese economies recovery. they're concerned that cooling consumer sentiment will persist. japanese shoppers are spends less, and that's go
strengtheninghe japan u. relionsp a priority. abe criticized the party repeatedly for damaging this relationship. how do people in the obama administration look on it now. >> reporter: the revolving door to the japanese prime minister office has made it difficult for those to cooperate on an issue. they want a reliable partner. they'd like to see an end to the volatile issues. >> what do they want them to address? >> reporter: people in the obama administration face a high priority. they have been troubled by the increasing tension between japan and china over which country owns the senkaku islands. it could unsettle dynamic in a region. they want to see measure security policies and sophisticated diplomacy to calm the situation. >> our pleszage to the new japanese government will be the same to the former japanese government, which is we want to see both japan and china avoid provocative acts. we want to see them talk toach other and work this through by dialogue. >> reporter: now japan has a dispute with south korea. they would like to see the japanese put aside their differences. american dip
.s. home market is on a recovery track. on friday japan's jobless rate for november will come out. the rate stood at 4.2% in october, unchanged from the previous month. friday is the last trading day of the year for the tokyo stoke market. a special gues will ring the bell to close the marketor 2012. th that's the latest in business for this house. here is a check on markets. >>> a gunman has ambushed four firefighters in the u.s. state of new york. the attack left three people dead, including the alleged shooter. police say the firefigers responded to a house fire around 6:00 a.m. local time in the northwestern town of webster. they say a 62-year-old gunman exchanged fire with police officers. the gunman was found dead five hours later. police say he committed suicide. they believe the man set fire to his house and car to lure the firefighters. he then ambushed them. the alleged attacker spent nearly 18 years in prison for murdering his grandmother. he was banned from possessing guns. the shooting forced the crew to slow the attempt to fight the blaze. the fire spread to 7 nearby houses, b
. they are hoping the bank of japan will take action at its upcoming policy meeting next week. euro yen quoted at 108.22 to 99. japan's nikkei average went above 9700 at one point. a weaker yen and the u.s. fed's policy decision that's what's lifting a wide range of issues here in tokyo. let's take a look at other asian markets open now. we are seeing seoul's kospi up and over in australia the benchmark is trading unchanged at 4,583. we'll see where trading takes us throughout the rest of the day. greece is buying back bonds. it exceeds the 30 billion euro target. greece had been seeking investors willing to accept at 30 to 40% of the bond's face value. the program is designed to reduce the debt burden. analysts estimate greece will be able to shave about 20 billion euro's off its debt. this will clear the way for greece to receive a new infusion ofore th bilon eos in aid from the eu and other principal lenders. the organization of petroleum export and countries held a general meeting in vienna yesterday. representatives of the 12 oil exporters agreed to retain the current production target o
. investors are selling yen on the tokyo foreign exchange on speculation policy makers at the bank of japan will agree to an inflation target proposed by the incoming administration. the new prime minister shinzo abe will take up office later in the day. analysts say the b.o.j. will likely further boost its monetary easing measures. the dollar is currently trading at 85.26-31 yen. ai uchida joins us now from the business desk for more on that. so ai, investors have been trading the dollar-yen quite dramatically over the last several weeks. >> that's right, catherine. just a month and a half ago that pair was trading in the mid 79-yen range. almost six whole yen weaker in just six weeks. a dramatic move indeed. so going forward, what can we expect? well, we spoke to disaburo nezo for his outlook. he is a senior executive fellow at fujitsu research institute. >> the yen's future is not so much the weakening but rather i think there would be se counterbalance. that is, already yen current rate, 85 yen per one dollar, is rather reasonable level. i think the japanese exporters have been worrying
was under military rule for almost 25 years. the nation has been strengthening ties with japan and western nations since its transition to civilian rule in march of last year. but the country's leaders have also been trying to maintain close ties with china. japan's new government has promised to repair frayed ties with south dakota. he spoke with south korea's kim a day after taking office, saying south korea is japan's most important neighbor and they share fundamental values and interests. he alluded to a dispute over the senkaku islands in the sea of japan. kim said it's important to maintain close communications. they agreed to work closely on issues relating to north korea. >>> japanese government officials may be looking forward to the new year, but they have to sort through a slew of economic data first. so what can you tell us? >> you're right, they can't kick up their heels just yet, because they have a handful of economic indicators to sort through for japan for november. the jobless rate improved to 4.1%. officials at the internal affairs ministry say the figure is out 0.1 prog
in various countries are also investigating possible involvement of other banks. >>> in japan, financial regulator -- japan's financial regulator, that is, they plan to strengthen rules against insider trading after a series of information leaks from major securities firms earlier this year. the financial services agency now wants stricter punishment for employees at securities firms who illegally leak information to their clients. under current regulations, those employees are not subject to punishment. but after the revision, the agency will reveal names of those involved in serious cases. that's including investors. the agency is also considering a steep rise in penalties. regulators hope to comete a revised bill by the end of the year and submit it to parliament next year. >>> now let's get a check on how markets are performing. tokyo's main stock index broke 9,600 for the first time in 7 1/2 months at the open. it's currently trading right below that at 9,570, still a gain of 0.5% from tuesday's close. an overnight rally overseas is fueling market sentiment. a weaker yen's also lift
will gradually shrink as the population ages and the labor force contracts. they say japan will retain fourth place in terms of overall power, trailing only the u.s., china and india. the council experts say asian countries such as india and indonesia are likely to boost their military power. but they warn of an arms race in asia. if the u.s. scales back its military commitment in the region. they say some tionmay begin developing nuclear weapons. new car sales are fueling china's economy. sales grew 8.2% in november from the same time last year. officials say nearly 1.8 million units were sold last month. japanese firms lost out after chinese consumers boytted their vehicles over a territorial dispute. they saw a slight improvement last month. total new car sales this china were sluggish in september as japanese cars fell out of favorite. sales have been growing for two straight months since october. >>> the leaders of iraq say they are ready to make their coury a mayor player in the global oil market. they will double and quadruple oil output. businesses from arrange the world are eyeing wi
looks upon japan as a friendly nation. not all citizens share her views. park insists they are south korean territory. many are wary about the japanese leadership too. a senior official says diploma hope to smooth over some of these issues. they hope abe and park will be able to meet after her inauguration in february. >>> barack obama says people in his administration have an obligation to prevt mass shootings. he launched a task force less than a week after a school shooting in connecticut. >> i will use all the powers of this effort to help advance e t efforts aimed at preventing a tragedy like this. >> vice president joe biden will lead the task force which will include other members of the cabinet. he said there's a growing consensus among americans to ban the sale ofilitary style assault weapons. he says it supports stricter background checks on buyers. last week a gunman walked into a school. he killed 20 children and six adults. obama has been struggling with another file. >> the u.s. fiscal cliff crisis and the republicans and democrats talks between the republicans to aver
. a man who led japan once before is laying the foundations for another shot at leadership. next week shinzo abe is expected to find his way back into the prime minister's office, a place he left five years ago. he's already preparing to tackle japan's economic malaise by bringing back an old post. abe led the liberal democrats to victory sunday in the lower house election. they assume power in a week. abe says he plans to reinstate the council on economic and fisc poly, suspended by the democrat-led government. he'll appoint a new minister to take charge of the council. abe will appoint former prime minister taro aso as his finance minister and deputy prime minister. abe hopes aso can bring his experience and economic expertise to bear on the dual problem of deflation and the strong yen. abe wants central bankers to do more on their part to prop up the economy. yuko fukushima joins's you now from the business desk. yuko, we've talked a lot about the pressure abe's putting on thbank of japan. >> that's right, catherine. and abe has been saying that since the election campaign started
>>> the rodeo the diet. candidates kick off their official campaigns. people across japan are hearing some familiar sounds through their windows. candidates who want a seat in the lower house of the diet are filing the necessary paper work to launch their campaigns. they have loaded up vans an mounted speakers on them to share their messages with voters. 480 seats are up for grabs in the election later this month. that breaks down to 300 single seats and 180 proportional seats. the democratic party took part in 2009. candidates will outline their view on how to right the japanese economy. they'll outline they're vision for how to supply the country's energy need after the nuclear disaster in fukushima. the official campaign lasts 12 days. voters head to the polls on sunday, december 16th. >>> there's another launch of long rang ballistic miss. >> caller:. there mi missile. north korean officials say the launch will happen between december 10th and 22nd be the rocket will head south. may that he had similar preparations in april. that launch ended in failure. they've given
pacific. >>> japan and india launched a new framework to provide bilateral credit in u.s. dollars. the aim is to ease the impact of possible turmoil in the global financial markets on asia. the two countries worked out the details on tuesday. japan's prime minister and his indian counterpart had signed the currency agreement a year ago. under the framework both countries will be able to exchange up to $15 billion over the next three years. the two countries had a similar currency deal in 2008 when the global financial crisis hit asia. recently india's rupe has been sold as many investors pulled their money out of the country in the wake of the european debt crisis. sharp will get funds from qualcomm under a capital and business tie up. the struggling electronics giant said it will get up to $120 million from qualcomm by march of next year. the two firms will also jointly develop new panels at a sharp plant in western japan. sharp is forecasting a record net loss of $5.5 billion for the current fiscal year due to a slump in tv and lc d sectors. the company will receive half the funds this m
, including japan. >> yes. >> rose: and how influential was that? >> it was life changing. life changing. >> rose: life changing. >> yeah. i had a small stint teaching english in japan and i promised myself i'd go back to japan to do it right and to absorb the food culture and to stay there almost a year. it changed the way i viewed food. food didn't have to be good just fothe fine dining level and that was one of the misconceptions that i had about food that you could only eat well in fine dining restaurants in new york, for instance. and in japan from cheap restaurants to very fancy chai secchi restaurants everything was cooked with so much passion, a very ingredient driven and it was good. everyone cared about food. it was a cherished thing. >> rose: they love food in japan and they practice the art of cooking to a high level. >> rose: it's amazing. people that travel japan need to stay there longer than a week. they need go there for at least three weeks and soak up tokyo and other cities, osaka and tokyo. there's a lot to learn, particularly about food. >> rose: one of the things th
: the parliament of japan has elected shinzo abe as the country's seventh prime minister in six years. abe was sworn in today after being chosen by his conservative-leaning liberal democratic party. thparty won por in ts month's elections, for the first time since 2009. abe has called for bold measures to bolster japan's ailing economy. he previously served as prime minister from 2006 to 2007. russian lawmakers gave final approval today to a ban on americans adopting russian children. it's part of a series of reactions to a u.s. sanctions law targeting russian human rights abusers. in washington today, a state department spokesman called the ban misguided. and adoption groups in moscow said it would harm children most. >> ( translated ): today we don't have that number of russian families who are willing to adopt, and the children who go to adopted families abroad are the children that russian families wouldn't take. there must be at least five refusals by russian families for the child to go to foreign parents. for that reason i don't see within this law an improved situation for these ch
and japan and all these countries start making stuff cheaper, it is problem for unions, and that is just a reality. >> it is also reality that some of that manufacturing is coming back, and not because of low wages. because of transportation costs, innovation, all kinds of things. what bothers me about this vote is that it was ught and paid for by a few wealthy people. the leader of the senate, the governor, both on record not want to do this initially . they did it turn around. and lost five seats and the legislature. >> you can look for all the conspiracy's you want. the fact is that michigan was adjusting to exactly the reality that evan isalking about, globalization. i think was glory days for the unions 94 is, 1950's, 1960's, when the rest of the world was devastated by the second world war, we had a monopoly and, yes, great benefits to it the problem is that when you have global competition, you are uncompetitive. detroit went bankrupt but the southern transplants did not. here is the tragic choice. in the right to work states, wages are 10% lower. unploynt is also 10% lower. here
in japan in which they brought sequentially numbered travelers checks into this one little bank in japan totaling $290 million. no one seemed to have any idea where it was coming from. it all traced back to a guy in russia who claimed to be a used car salesman. >> woodruff: a used car salemans. >> with $290 million in sequentially numbered travelers checks. >> woodruff: isn't there supposed to be internal monitoring going on inside a bank? >> righ the basic principle is called know your custom. since 9/11 and since a whole bunch of other money laundering issues have surfaced the u.s. government has really tried to make the banks tighter and more careful in terms of who they're doing business with, who they're moving money for. what seems to have happened repeatedly according to the investigators in the h.s.b.c. case is no one was actually questioned. >> woodruff: now it was clear that the investigation on the part of the government has been going on for several years. what brought all this to light? how did it surface? >> it actually started in 2007 with an operationalled eldora in w yor
for a full six-year term. voters in japan have chosen a new prime minister, shinzo abe. he led the liberal democratic party back to power on sunday, in a landslide victory. abe has pledged to ease monetary policy to pull japan out of its fourth recession since 2000. he also vowed to take a firm stance on territorial disputes with china. abe served as prime minister once before, but he quit in 2007, citing ill health. opponents of egyptian president mohammed morsi are sounding the call for nationwide protests again tomorrow against a constitution drafted by islamists. the opposition was bolstered after saturday's first round of voting on the document. only about a third of eligible voters turned out, as 57% approved the draft-- a much lower level of support than predicted. the second round of voting is saturday. those are some of the day's major stories. now, backo juy. >> woodruff: and we pick up now on some of the major questions being asked about guns, mental health and other issues in the aftermath of the shootings. we get four perspectives. dan gross is the president of the brady campa
europe and japan blew the domestics doors off. sales at v.w. were up just under 30%. while honda led the japanese pack with a sales increase of just under 40%. the car companies think super storm sandy pushed some sales the last weekend of october into november. morningstar auto analyst richard hilgert agrees sandy helped, but the storm wasn't the primary reason november was such a strong month. >> we've got a lot of pent up demand still out there-- pent up demand coming from, especially from the average age of the vehicles being over eleven years at this point in the united states. the average transaction price was up $346 from october because more 2013 models rolled into showrooms without incentives. the wild card this final month of 2012 is the fiscal cliff. analysts say if congress and the white house don't quickly resolve the budget crisis consumers could tighten their belts, throwing a speed bump into what has been an otherwise blockbuster year. diane eastabrook, "n.b.r.," chicago. >> susie: meanwhile, ford is going all out to rev up its upscale lincoln brand. the company is re
for bigger markets. a western regional player in the u.s., kelly moore now ships paint to china, japan, cambodia, vietnam. the driver? >> quality product for one and the second factor is that it's made if the u.s. that's what they seek. that's what they want. it's that quality. >> mike: what kelly moore seeks is the next great break through in paint. odorless, longer lasting, environmentally friendly. strides have been made in almost every area-- except one. >> it can't apply itself. that's something people always want it to do. >> mike: (laughs) >> it's-- a lot of it lately is about ease of application and saving time and time is money. >> mike: the color of money. always a good choice. >> mike: farming is a very difficult business and while technology and large corporate farms have made american agriculture some of the most productive in the world, small family farms are having a very difficult time surviving. unless they become very creative. how much passion, persistence, and profitability can you squeeze into a 15-pound block of cheese? at the petaluma creamery in petaluma, califo
, japan continues to languish and yet the u.s. economy has shown resiliency but it is not immune from fiscal shock and that's something i clearly continue to monitor. >> all right, joe, thank you very much for coming on the practical. have we have good news for the in you year. thank you very much. >> you as well. tha yo >> joe davis, chief economist at ativan guard group >> susie: still ahead, the top tech trends for 2013, or how your cell phone will become an even bigger part of your life in the new year. >> susie: a lot of mixed messages for investors today. joining us now to sort through it all, ann miletti, senior portfolio manager at wells fargo advantage funds. >> so, anne, what do you think you heard, the economist talking about a mild recession. are we in for a correction in the ock market if that happens? >> i think right now the market is trying to predict how long this uncertainty is going to last. so right now, you know, because the market is a measuring tool, it's measuring how long the uncertainty with the fiscal cliff will last. if it's short and we get a resolution, i
Search Results 0 to 25 of about 26 (some duplicates have been removed)